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5min chapter
Luca Dellanna — On Survival, Signals & Success (EP.174)
Infinite Loops
How to Get People to Understand the Value of the Long Term
In the investment management industry, all of the incentives are skewed wrongfully there. In terms of short term, if you only have a four year term, you're going to make a lot of errors. The moment that other people see that the money is on the line, they will probably put it on the long-term horizon and be profitable for us.
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